ProjectionLab Alternative for Europe: When MFFT Fits

If you want a FIRE simulator, keep ProjectionLab. Its free Basic plan already runs Monte Carlo simulations and historical backtesting, and Premium at $129 a year adds tax estimation, withdrawal strategies and international planning. Pick My Financial Freedom Tracker (MFFT) instead if you want the plan to start from your own budget, net worth and ETF holdings, counted in euros, koruna or złoty, for €49.90 a year. Disclosure: I build MFFT, so read the "Pick ProjectionLab if" list below as carefully as the rest.

Whichever tool you use, the plan starts from one number: a year of spending divided by your withdrawal rate. Work yours out here, in euros, pounds, francs, koruna or złoty:

FIRE number calculator

Enter what you spend in a year and pick a withdrawal rate. Everything below updates as you type.

Annual spending

What actually leaves your accounts in a year, not what you earn.

CurrencyUSD ($)EUR (€)GBP (£)CZK (Kč)PLN (zł)CAD (C$)CHFAUD (A$)ZAR (R)

Withdrawal rate4%

4% is the classic rule. For a retirement longer than 30 years, 3–3.5% is safer.

Your FIRE number

$1,200,000

$48,000 ÷ 4% = $1,200,000

That is 25 times your annual spending.

Lean, regular and fat FIRE

• Lean FIRE

  70% of your spending

  $840,000

• Regular FIRE

  Your spending

  $1,200,000

• Fat FIRE

  150% of your spending

  $1,800,000

FIRE number by annual spending at 4%

Annual spending	Per month	FIRE number
$30,000	$2,500	$750,000
$40,000	$3,333	$1,000,000
$50,000	$4,167	$1,250,000
$60,000	$5,000	$1,500,000
$80,000	$6,667	$2,000,000
$100,000	$8,333	$2,500,000
$120,000	$10,000	$3,000,000

The FIRE calculator adds what you have invested today and what you add each month.

See the date you reach it

ProjectionLab asks you to type that spending in. MFFT reads it from the bank statements you upload. That difference, typed assumptions against your own payments, decides most of what follows.

Prices and features below were read on each vendor's own pages on 10 November 2026.

What ProjectionLab does well

ProjectionLab is a planning tool first, and a good one. Its pricing page lists three plans:

• Basic, $0 a year: forecasting, financial planning, Monte Carlo simulations, historical backtesting and flexible modeling. That is a lot of planner for $0.
• Premium, $129 a year: adds cash-flow projections, tax estimation and optimisation, withdrawal strategies, Roth conversions, ACA subsidies, estate planning, compare mode, multiple plans and international planning. Premium is billed yearly only and comes with a 7-day free trial.
• Pro, $549 a year: for financial advisors and coaches, with an advisor dashboard, 10 client seats and extra clients at $2 a month.

It does not link accounts. Its help centre says "ProjectionLab doesn't support linking financial accounts directly". Instead, plugins built by third-party developers bring data in: budgeting data from Lunch Money (ProjectionLab's official partner), account balances from YNAB, and an import from Monarch Money, plus a plugin API for your own automations. If you'd rather nothing ever touched your bank, that is a feature.

Does ProjectionLab work in Europe?

Yes, it runs in a browser wherever you are. Its tax analytics page lets you "choose your display currency" and names international tax presets for the United Kingdom, Canada, Australia, Germany, Spain and the Netherlands. Czechia and Poland are not on that list, and two of Premium's listed features, Roth conversions and ACA subsidies, are US programmes a European household won't use.

Because ProjectionLab links no accounts anywhere, the question for a European isn't bank coverage. It is whether you're happy typing your balances in, or already keep them in one of the plugin apps.

Where MFFT is different

MFFT starts from the money you already have and spend, then plans from it:

• Your budget feeds the plan. You upload bank statements (PDF, CSV or Excel) and they are sorted into categories. Once three months of payments are in, the plan takes its income and today's spending from them; before that, from the budget you set.
• Net worth in your currency. Bank accounts, brokers, pensions, property with its mortgage, and crypto add up to one figure in any of 26 base currencies, CZK, PLN, SEK and HUF among them.
• ETF look-through. Your funds are opened to the companies, countries and sectors inside them, UCITS ETFs included, so you can see where two world ETFs overlap. The free portfolio analysis tool shows the same look-through without an account.
• Broker files and one read-only connection. It reads exports from XTB, IBKR, Trading 212, Degiro, Saxo and Fio, plus a positions file from any other broker. Interactive Brokers can also be connected through its read-only Flex report. No bank is ever linked.
• Capital-gains tax if you sold today, for 29 countries, once you record what you paid. For Germany that means Abgeltungsteuer with Teilfreistellung and the Sparer-Pauschbetrag; the Vorabpauschale is not included.
• Chance of success. The plan runs 400 Monte Carlo paths and shows how often your money lasts.
• English, Czech and German.

The catches. MFFT's plan works from your take-home pay and your spending: it has no income-tax or pension-tax model, no Roth conversions and no withdrawal-order strategy, which is where ProjectionLab Premium goes deeper. There is no advisor role; a paid plan includes one family-member login. And there is no free plan: MFFT costs €4.99 a month, €49.90 a year or €299 once, after a 14-day trial that asks for a payment method and charges nothing on the day. The live demo and the free calculators need no sign-up.

ProjectionLab vs MFFT at a glance

"Not stated" means ProjectionLab's pages didn't say either way on the check date.

Pick ProjectionLab if

• Your tax questions live inside the plan. Roth conversions, ACA subsidies, withdrawal strategies and the UK, Canadian and Australian presets are on Premium, and MFFT's plan has none of that. If you're in Germany, Spain or the Netherlands and want tax modelled through the projection itself, ProjectionLab's presets name your country and MFFT's plan does not.
• You advise other people. Pro gives you client seats and an advisor dashboard; MFFT has no advisor role.
• The free Monte Carlo is all you need. If you know your spending and want scenarios, Basic costs nothing.
• You already budget in YNAB, Monarch or Lunch Money. The plugins carry that work into ProjectionLab, and a second budgeting app would repeat it.

MFFT fits if

• You're paid in euros, koruna or złoty, or another currency that isn't the dollar, and want everything counted in it.
• You hold UCITS ETFs and want to see what is inside them, where two funds overlap, and what selling would cost in tax where you live.
• You want the app in German or Czech.
• You want budget, net worth and plan in one app, fed from statements and broker files, with no bank login handed over.

Not sure yet? Click through the live demo first; it needs no account.

Using both

The two don't exclude each other. If you want ProjectionLab's tax modelling and MFFT's tracking, let MFFT tell you what you really spend in a year, then type that figure into ProjectionLab. Spending is the input that moves a FIRE number most: at a 4% withdrawal rate, every €1,000 a year more needs €25,000 more invested.

What's next

• The number in depth: how to calculate your FIRE number
• Net worth trackers compared: Kubera alternatives
• Your date, not just your number: the free FIRE calculator